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Report
Flavoured Milk Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-09-04 I 149 Pages I IMARC Group
Market Overview:
The flavoured milk market in India size reached INR 41.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 158.6 Billion by 2028, exhibiting a growth rate (CAGR) of 25.8% during 2023-2028.
Flavoured milk represents one of the most popular dairy-based beverages in India. It is made by adding sugar, emulsifiers and flavours such as vanilla, chocolate, mango, butterscotch, etc. to skim or whole fluid milk. It is a convenient, flavoursome and healthy alternative to carbonated beverages, as a result of which, it is preferred by both school going children as well as working adults. The strong growth of the market can be attributed to the rising health consciousness among consumers which has led to a shift towards dairy based products. Some of the other growth inducing factors include increasing disposable incomes and growing population.
The report has examined the Indian Flavoured Milk Market in 15 major states:
Maharashtra
Uttar Pradesh
Andhra Pradesh and Telangana
Tamil Nadu
Gujarat
Rajasthan
Karnataka
Madhya Pradesh
West Bengal
Bihar
Delhi
Kerala
Punjab
Orissa
Haryana
For each of the states, the report provides a thorough analysis of the current and historical value and volume trends, market share of key players and market forecast. Currently, Maharashtra represents the largest market, accounting for majority of the market share. The competitive landscape of the Indian flavoured milk market has also been covered in this report. Some of the prominent players operating in the market include GCMMF, Mother Dairy, KMF, CavinKare and TN Cooperative.
The study gives an in-depth analysis of the flavoured milk market landscape in India, covering the current, historical and future trends for flavoured milk production along with its prices. The report also offers SWOT, Value Chain and Porter's Five Forces analysis of the Indian flavoured milk market along with breakup by segment, region, and an analysis of the competitive landscape. The study is based on both desk research and multiple waves of qualitative primary research. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian flavoured milk industry in any manner.
Key Questions Answered in This Report
1. What was the size of the flavoured milk market in India in 2022?
2. What is the expected growth rate of the flavoured milk market in India during 2023-2028?
3. What are the key factors driving the flavoured milk market in India?
4. What has been the impact of COVID-19 on the flavoured milk market in India?
5. What is the breakup of the flavoured milk market in India based on the sector?
6. What are the key regions in the flavoured milk market in India?
7. Who are the key players/companies in the flavoured milk market in India?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Dairy Industry
5.1 Market Overview
5.2 Market Performance
5.3 Market by Organised and Unorganised Segment
5.4 Milk Production and Consumption Trends
5.4.1 Current and Historical Trends
5.4.2 Production and Consumption Forecast
5.5 Milk Production by State
5.6 Milk Production by Cattle
5.7 Milk Utilization Patterns in India
5.8 Market Forecast
6 India Flavoured Milk Industry
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Trends
6.4.1 Milk Procurement Price Trends
6.4.2 Flavoured Milk Price Trends
6.5 Market Breakup by Region
6.6 Market Breakup by Retail Vs Institutional
6.7 Market Forecast
6.8 SWOT Analysis
6.8.1 Overview
6.8.2 Strengths
6.8.3 Weaknesses
6.8.4 Opportunities
6.8.5 Threats
6.9 Value Chain Analysis
6.9.1 Raw Material Procurement
6.9.2 Manufacturing
6.9.3 Marketing
6.9.4 Distribution
6.9.5 Exports
6.9.6 End-Use
6.10 Porter's Five Forces Analysis
6.10.1 Overview
6.10.2 Bargaining Power of Buyers
6.10.3 Bargaining Power of Suppliers
6.10.4 Degree of Competition
6.10.5 Threat of New Entrants
6.10.6 Threat of Substitutes
6.11 Key Success Factors and Risk Factors
7 Performance of Key Regions
7.1 Karnataka
7.1.1 Market Performance
7.1.1.1 Volume Trends
7.1.1.2 Value Trends
7.1.2 Competitive Landscape
7.1.3 Market Forecast
7.1.3.1 Volume Trends
7.1.3.2 Value Trends
7.2 Maharashtra
7.2.1 Market Performance
7.2.1.1 Volume Trends
7.2.1.2 Value Trends
7.2.2 Competitive Landscape
7.2.3 Market Forecast
7.2.3.1 Volume Trends
7.2.3.2 Value Trends
7.3 Tamil Nadu
7.3.1 Market Performance
7.3.1.1 Volume Trends
7.3.1.2 Value Trends
7.3.2 Competitive Landscape
7.3.3 Market Forecast
7.3.3.1 Volume Trends
7.3.3.2 Value Trends
7.4 Delhi
7.4.1 Market Performance
7.4.1.1 Volume Trends
7.4.1.2 Value Trends
7.4.2 Competitive Landscape
7.4.3 Market Forecast
7.4.3.1 Volume Trends
7.4.3.2 Value Trends
7.5 Gujarat
7.5.1 Market Performance
7.5.1.1 Volume Trends
7.5.1.2 Value Trends
7.5.2 Competitive Landscape
7.5.3 Market Forecast
7.5.3.1 Volume Trends
7.5.3.2 Value Trends
7.6 Andhra Pradesh and Telangana
7.6.1 Market Performance
7.6.1.1 Volume Trends
7.6.1.2 Value Trends
7.6.2 Competitive Landscape
7.6.3 Market Forecast
7.6.3.1 Volume Trends
7.6.3.2 Value Trends
7.7 Uttar Pradesh
7.7.1 Market Performance
7.7.1.1 Volume Trends
7.7.1.2 Value Trends
7.7.2 Competitive Landscape
7.7.3 Market Forecast
7.7.3.1 Volume Trends
7.7.3.2 Value Trends
7.8 West Bengal
7.8.1 Market Performance
7.8.1.1 Volume Trends
7.8.1.2 Value Trends
7.8.2 Competitive Landscape
7.8.3 Market Forecast
7.8.3.1 Volume Trends
7.8.3.2 Value Trends
7.9 Kerala
7.9.1 Market Performance
7.9.1.1 Volume Trends
7.9.1.2 Value Trends
7.9.2 Competitive Landscape
7.9.3 Market Forecast
7.9.3.1 Volume Trends
7.9.3.2 Value Trends
7.10 Haryana
7.10.1 Market Performance
7.10.1.1 Volume Trends
7.10.1.2 Value Trends
7.10.2 Competitive Landscape
7.10.3 Market Forecast
7.10.3.1 Volume Trends
7.10.3.2 Value Trends
7.11 Punjab
7.11.1 Market Performance
7.11.1.1 Volume Trends
7.11.1.2 Value Trends
7.11.2 Competitive Landscape
7.11.3 Market Forecast
7.11.3.1 Volume Trends
7.11.3.2 Value Trends
7.12 Rajasthan
7.12.1 Market Performance
7.12.1.1 Volume Trends
7.12.1.2 Value Trends
7.12.2 Competitive Landscape
7.12.3 Market Forecast
7.12.3.1 Volume Trends
7.12.3.2 Value Trends
7.13 Madhya Pradesh
7.13.1 Market Performance
7.13.1.1 Volume Trends
7.13.1.2 Value Trends
7.13.2 Competitive Landscape
7.13.3 Market Forecast
7.13.3.1 Volume Trends
7.13.3.2 Value Trends
7.14 Bihar
7.14.1 Market Performance
7.14.1.1 Volume Trends
7.14.1.2 Value Trends
7.14.2 Competitive Landscape
7.14.3 Market Forecast
7.14.3.1 Volume Trends
7.14.3.2 Value Trends
7.15 Orissa
7.15.1 Market Performance
7.15.1.1 Volume Trends
7.15.1.2 Value Trends
7.15.2 Competitive Landscape
7.15.3 Market Forecast
7.15.3.1 Volume Trends
7.15.3.2 Value Trends
8 Market Breakup by Retail Vs Institutional
8.1 Retail
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Institutional
8.2.1 Market Trends
8.2.2 Market Forecast
9 Competitive Landscape
9.1 Competitive Structure
9.2 Market Share of Key Players
10 Flavoured Milk Manufacturing Process
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Types of Unit Operations Involved
10.4 Mass Balance and Raw Material Requirements
11 Project Details, Requirements and Costs Involved
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Plant Machinery
11.4 Machinery Pictures
11.5 Raw Material Requirements and Expenditures
11.6 Raw Material and Final Product Pictures
11.7 Packaging Requirements and Expenditures
11.8 Transportation Requirements and Expenditures
11.9 Utility Requirements and Expenditures
11.10 Manpower Requirements and Expenditures
11.11 Other Capital Investments
12 Loans and Financial Assistance
13 Project Economics
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
13.8 Profit Analysis
14 Key Player Profiles
Figure 1: India: Flavoured Milk Market: Major Drivers and Challenges
Figure 2: India: Dairy Market (in Billion INR), 2017-2022
Figure 3: India: Dairy Market: Breakup by Segment (in %), 2022
Figure 4: India: Dairy Market: Total Milk Production (in Million Metric Tons), 2017-18- 2022-23
Figure 5: India: Dairy Market: Total Milk Consumption (in Million Metric Tons), 2017-18- 2022-23
Figure 6: India: Dairy Market: Total Milk Production Forecast (in Million Metric Tons), 2023-24 - 2028-29
Figure 7: India: Dairy Market: Total Milk Consumption Forecast (in Million Metric Tons), 2023-24 - 2028-29
Figure 8: India: Milk Utilisation Patterns
Figure 9: India: Dairy Market Forecast (in Billion INR), 2023-2028
Figure 10: Flavoured Milk Market: Price Structure
Figure 11: India: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 12: India: Flavoured Milk Market: Value Trends (in Billion INR), 2017-2022
Figure 13: India: Milk Market: Procurement Price Trends (in INR/Litre), 2017-2022
Figure 14: India: Flavoured Milk Market: Retail Price Trends (in INR/Litre), 2017-2022
Figure 15: India: Flavoured Milk Market: Breakup by Region (in %), 2022
Figure 16: India: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 17: India: Flavoured Milk Market Forecast: Value Trends (in Billion INR), 2023-2028
Figure 18: India: Flavoured Milk Industry: SWOT Analysis
Figure 19: India: Flavoured Milk Industry: Value Chain Analysis
Figure 20: India: Flavoured Milk Industry: Porter's Five Forces Analysis
Figure 21: Karnataka: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 22: Karnataka: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 23: Karnataka: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 24: Karnataka: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 25: Karnataka: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 26: Maharashtra: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 27: Maharashtra: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 28: Maharashtra: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 29: Maharashtra: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 30: Maharashtra: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 31: Tamil Nadu: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 32: Tamil Nadu: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 33: Tamil Nadu: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 34: Tamil Nadu: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 35: Tamil Nadu: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 36: Delhi: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 37: Delhi: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 38: Delhi: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 39: Delhi: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 40: Delhi: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 41: Gujarat: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 42: Gujarat: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 43: Gujarat: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 44: Gujarat: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 45: Gujarat: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 46: Andhra Pradesh and Telangana: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 47: Andhra Pradesh and Telangana: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 48: Andhra Pradesh and Telangana: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 49: Andhra Pradesh and Telangana: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 50: Andhra Pradesh and Telangana: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 51: Uttar Pradesh: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 52: Uttar Pradesh: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 53: Uttar Pradesh: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 54: Uttar Pradesh: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 55: Uttar Pradesh: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 56: West Bengal: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 57: West Bengal: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 58: West Bengal: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 59: West Bengal: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 60: West Bengal: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 61: Kerala: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 62: Kerala: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 63: Kerala: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 64: Kerala: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 65: Kerala: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 66: Haryana: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 67: Haryana: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 68: Haryana: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 69: Haryana: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 70: Haryana: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 71: Punjab: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 72: Punjab: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 73: Punjab: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 74: Punjab: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 75: Punjab: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 76: Rajasthan: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 77: Rajasthan: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 78: Rajasthan: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 79: Rajasthan: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 80: Rajasthan: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 81: Madhya Pradesh: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 82: Madhya Pradesh: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 83: Madhya Pradesh: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 84: Madhya Pradesh: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 85: Madhya Pradesh: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 86: Bihar: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 87: Bihar: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 88: Bihar: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 89: Bihar: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 90: Bihar: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 91: Orissa: Flavoured Milk Market: Volume Trends (in Million Litres), 2017-2022
Figure 92: Orissa: Flavoured Milk Market: Value Trends (in Million INR), 2017-2022
Figure 93: Orissa: Flavoured Milk Market: Breakup of Key Players (in %), 2022
Figure 94: Orissa: Flavoured Milk Market Forecast: Volume Trends (in Million Litres), 2023-2028
Figure 95: Orissa: Flavoured Milk Market Forecast: Value Trends (in Million INR), 2023-2028
Figure 96: India: Flavoured Milk Market: Retail Sales (in Million Litres), 2017 & 2022
Figure 97: India: Flavoured Milk Market Forecast: Retail Sales (in Million Litres), 2023-2028
Figure 98: India: Flavoured Milk Market: Institutional Sales (in Million Litres), 2017 & 2022
Figure 99: India: Flavoured Milk Market Forecast: Institutional Sales (in Million Litres), 2023-2028
Figure 100: India: Flavoured Milk Market: Breakup by Key Players (in %), 2022
Figure 101: Flavoured Milk Manufacturing: Detailed Process Flow
Figure 102: Flavoured Milk Manufacturing: Conversion Rate of Feedstocks
Figure 103: Flavoured Milk Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 104: Flavoured Milk Industry: Profit Margins at Various Levels of the Supply Chain
Figure 105: Flavoured Milk Production: Manufacturing Cost Breakup (in %)
Table 1: India: Dairy Market: Key Industry Highlights, 2022 and 2028
Table 2: India: Dairy Market: Milk Production Breakup by State, 2017-18- 2022-23
Table 3: India: Dairy Market: Milk Production Breakup by Cattle, 2017-18- 2022-23
Table 4: India: Flavoured Milk: Key Industry Highlights, 2022 and 2028
Table 5: India: Flavoured Milk Market Forecast: Breakup by Region, 2023-2028
Table 6: India: Flavoured Milk Market Forecast: Breakup by Retail Vs Institutional, 2023-2028
Table 7: India: Flavoured Milk Market: Competitive Structure
Table 8: India: Flavoured Milk Market: Key Players
Table 9: Flavoured Milk Manufacturing Plant: Costs Related to Land and Site Development (in INR)
Table 10: Flavoured Milk Manufacturing Plant: Costs Related to Civil Works (in INR)
Table 11: Flavoured Milk Manufacturing Plant: Costs Related to Machinery (in INR)
Table 12: Flavoured Milk Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (INR/Ton)
Table 13: Flavoured Milk Manufacturing Plant: Costs Related to Salaries and Wages (in INR)
Table 14: Flavoured Milk Manufacturing Plant: Costs Related to Other Capital Investments (in INR)
Table 15: Details of Financial Assistance Offered by Financial Institutions
Table 16: Flavoured Milk Manufacturing Plant: Capital Costs (in INR)
Table 17: Flavoured Milk Manufacturing Plant: Techno-Economic Parameters
Table 18: Flavoured Milk Manufacturing Plant: Taxation and Depreciation (in INR)
Table 19: Flavoured Milk Manufacturing Plant: Income Projections (in INR)
Table 20: Flavoured Milk Manufacturing Plant: Expenditure Projections (in INR)
Table 21: Flavoured Milk Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in INR)
Table 22: Flavoured Milk Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in INR)
Table 23: Flavoured Milk Manufacturing Plant: Profit and Loss Account (in INR)
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